Net 1 UEPS Technologies Inc. is a South African-focused financial technology company with a presence in Africa and Asia. Net1 utilizes its proprietary banking and payment technology to distribute low-cost financial and value-added services to underserved consumers and small businesses. The Company also provides transaction processing services, including being a payment processor and bill payment platform in South Africa. Net1 leverages its strategic investments in banks, telecom and mobile payment technology companies to further expand its product offerings or to enter new markets.
Company profile
Ticker
LSAK
Exchange
Website
CEO
Herman Kotze
Employees
Location
Fiscal year end
Industry (SIC)
Former names
NET 1 UEPS TECHNOLOGIES INC
SEC CIK
Corporate docs
Subsidiaries
EasyPay (Pty) Ltd • Kwande Group (Pty) Ltd • Manje Mobile Electronic Payment Services (Pty) Ltd • Moneyline Financial Services (Pty) Ltd • Net1 Applied TechnologiesSouth Africa (Pty) Ltd • Net1 Finance Holdings (Pty) Ltd • Net1 Mobile Solutions (Pty) Ltd • Net1 Universal Electronic TechnologicalSolutions (Pty) Ltd • Prism Holdings (Pty) Ltd • Prism Payment Technologies(Pty) Ltd ...
IRS number
980171860
LSAK stock data
Press releases
Lesaka to Host Webcast and Conference Call to Review Fourth Quarter and Year-End 2022 Results
17 Aug 22
Lesaka to Participate at the 4th Annual Needham Virtual FinTech & Digital Transformation 1x1 Conference
10 Aug 22
Lesaka Released Connect Group Historical Results and Unaudited Pro Forma Financial Statements
1 Jul 22
Calendar
10 May 22
17 Aug 22
30 Jun 23
Financial summary
| Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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| Annual (USD) | Jun 21 | Jun 20 | Jun 19 | Jun 18 | |
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| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 240.05M | 240.05M | 240.05M | 240.05M | 240.05M | 240.05M |
| Cash burn (monthly) | 32K | (no burn) | 3.14M | 3.92M | 2.93M | 3.23M |
| Cash used (since last report) | 146.41K | n/a | 14.37M | 17.91M | 13.38M | 14.78M |
| Cash remaining | 239.9M | n/a | 225.68M | 222.14M | 226.67M | 225.27M |
| Runway (months of cash) | 7496.9 | n/a | 71.9 | 56.7 | 77.5 | 69.7 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 19 Jul 22 | Christopher G.B. Meyer | Common Stock | Payment of exercise | Dispose F | No | No | 5.2 | 35,460 | 184.39K | 490,102 |
| 29 Mar 22 | Value Capital Partners | Common stock | Buy | Acquire P | Yes | No | 5.49 | 2,066 | 11.34K | 12,957,245 |
| 17 Mar 22 | Antony C Ball | Common stock | Buy | Acquire P | Yes | No | 4.51 | 12,401 | 55.93K | 12,899,972 |
| 17 Mar 22 | Monde Nkosi | Common stock | Buy | Acquire P | Yes | No | 4.51 | 12,401 | 55.93K | 12,899,972 |
| 16 Mar 22 | Antony C Ball | Common stock | Buy | Acquire P | Yes | No | 4.95 | 12,266 | 60.72K | 12,887,571 |
| 16 Mar 22 | Monde Nkosi | Common stock | Buy | Acquire P | Yes | No | 4.95 | 12,266 | 60.72K | 12,887,571 |
Institutional ownership, Q1 2022
46.7% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 34 |
| Opened positions | 3 |
| Closed positions | 11 |
| Increased positions | 9 |
| Reduced positions | 12 |
| 13F shares | Current |
|---|---|
| Total value | 141.37M |
| Total shares | 27.64M |
| Total puts | 11.2K |
| Total calls | 55.4K |
| Total put/call ratio | 0.2 |
| Largest owners | Shares | Value |
|---|---|---|
| Value Capital Partners | 12.88M | $54.46M |
| GS Goldman Sachs | 5M | $29.36M |
| MS Morgan Stanley | 3.79M | $22.22M |
| Kabouter Management | 1.81M | $10.54M |
| Potomac Capital Management | 1.75M | $10.27M |
| Etf Managers | 349.8K | $2.03M |
| UBS UBS Group AG - Registered Shares | 343.8K | $2.02M |
| Healthcare Of Ontario Pension Plan Trust Fund | 333.9K | $1.96M |
| D. E. Shaw & Co. | 320.38K | $1.88M |
| Connor, Clark & Lunn Investment Management | 265.77K | $1.56M |
Content analysis
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H.S. junior Avg
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New words:
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Removed:
assigning, assumed, constructively, controlling, delayed, goal, lockdown, performing, population, program, prospective, recapitalization, score, steady, vaccinating, vaccination, wave
Financial reports
Current reports
8-K
Lesaka Released Connect Group Historical Results and Unaudited Pro Forma Financial Statements
7 Jul 22
8-K/A
Financial Statements and Exhibits
6 Jul 22
8-K/A
Financial Statements and Exhibits
30 Jun 22
8-K
Net1 amends finalization dates for use of new stock tickers
17 May 22
8-K
Net 1 Reports Third Quarter 2022 Results
10 May 22
8-K
Submission of Matters to a Vote of Security Holders
6 May 22
8-K
Net1 completes the acquisition of Connect Group
20 Apr 22
8-K
Net1 Provides Connect Group Transaction Update - Closing Now Expected in April 2022
1 Apr 22
8-K
Entry into a Material Definitive Agreement
28 Mar 22
8-K
Net1 receives competition law approval in respect of the Connect Group transaction
14 Mar 22
Registration and prospectus
424B3
Prospectus supplement
2 Oct 17
424B5
Prospectus supplement for primary offering
16 Feb 17
424B5
Prospectus supplement for primary offering
5 Oct 16
S-8
Registration of securities for employees
2 Dec 15
S-3
Shelf registration
16 Nov 15
424B5
Prospectus supplement for primary offering
10 Dec 13
S-3/A
Shelf registration (amended)
22 Mar 12
Other
EFFECT
Notice of effectiveness
17 Dec 18
CORRESP
Correspondence with SEC
11 Dec 18
UPLOAD
Letter from SEC
10 Dec 18
EFFECT
Notice of effectiveness
23 Jun 16
CORRESP
Correspondence with SEC
21 Jun 16
UPLOAD
Letter from SEC
16 Jun 16
UPLOAD
Letter from SEC
22 May 16
CORRESP
Correspondence with SEC
12 May 16
CORRESP
Correspondence with SEC
8 May 16
CORRESP
Correspondence with SEC
14 Apr 16
Ownership
4
LESAKA / Christopher G.B. Meyer ownership change
25 Jul 22
3
LESAKA / Steven John Heilbron ownership change
29 Jun 22
4/A
NET 1 UEPS / Antony C Ball ownership change
31 Mar 22
4/A
NET 1 UEPS / Antony C Ball ownership change
31 Mar 22
4/A
NET 1 UEPS / Antony C Ball ownership change
31 Mar 22
4/A
NET 1 UEPS / Antony C Ball ownership change
31 Mar 22
4/A
NET 1 UEPS / Antony C Ball ownership change
31 Mar 22
4
NET 1 UEPS / Antony C Ball ownership change
31 Mar 22
4/A
NET 1 UEPS / Antony C Ball ownership change
30 Mar 22
4
NET 1 UEPS / Naeem Ebrahim Kola ownership change
28 Mar 22
Transcripts
2022 Q3
Earnings call transcript
12 May 22
2022 Q2
Earnings call transcript
10 Feb 22
2022 Q1
Earnings call transcript
9 Nov 21
2021 Q4
Earnings call transcript
14 Sep 21
2021 Q3
Earnings call transcript
7 May 21
2021 Q2
Earnings call transcript
5 Feb 21
2021 Q1
Earnings call transcript
7 Nov 20
2020 Q4
Earnings call transcript
11 Sep 20
2020 Q3
Earnings call transcript
27 May 20
2020 Q2
Earnings call transcript
7 Feb 20
Reddit threads
Daily Discussion Thread - May 10th, 2022
10 May 22
Daily Discussion Thread - May 9th, 2022
9 May 22
Daily Discussion Thread - February 9th, 2022
9 Feb 22
Daily Discussion Thread - February 8th, 2022
8 Feb 22
Daily Discussion Thread - February 7th, 2022
7 Feb 22
Daily Discussion Thread - November 8th, 2021
8 Nov 21
Most Anticipated Earnings Releases for the week beginning November 8th, 2021 - it's a big one again!
6 Nov 21
Most Anticipated Earnings Releases for the week beginning November 8th, 2021 - it's a big one again!
6 Nov 21
Most Anticipated Earnings Releases for the week beginning November 8th, 2021 - it's a big one again!
6 Nov 21
Most Anticipated Earnings Releases for the week beginning November 8th, 2021 - it's a big one again!
6 Nov 21